An Invoice for $40,000 Dated March 15 with Terms 3/10

question 209

Multiple Choice

An invoice for $40,000 dated March 15 with terms 3/10, 2/20, n/30, ROG was received in the mail on March 18. The shipment of goods was received on March 28. What payment April 8 would reduce the outstanding balance to $20,000?

• A) $19,600
• B) $20,000
• C) $20,400
• D) $20,600
• E) $19,400

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Definitions:

San Vitale

A renowned Byzantine church located in Ravenna, Italy, famous for its exquisite mosaics.

Central-plan Form

An architectural layout designed with a primary central space surrounded by symmetrical areas on each side, common in many churches and public buildings.

Hemispherical Dome

A type of dome that forms half of a perfect sphere, often used in architecture to cover large circular spaces.

Emperor Leo III

Byzantine Emperor known for initiating the policy of iconoclasm, which involved the destruction of religious images, leading to extensive controversy and conflict within the Empire.